A close look at the GBP and NZD currencies in the London forex session

A close look at the GBP and NZD currencies in the London forex session. Learn how to apply the volume price analysis methodology coupled with the Quantum Trading tools and indicators.

00:00

Webinar introduction and trading disclaimer

00:00

The webinar begins with a welcome to participants and a reminder about the trading disclaimer emphasizing the risks involved in forex trading. Attendees are advised only to use money they can afford to lose. The session will focus on analyzing the forex market and charts using the perspective of volume price.

00:32

Volume Price Analysis (VPA) methodology overview

00:32

The segment explains the importance of analyzing the relationship between price action, volume, and other elements in a methodology called VPA (Volume Price Analysis). It highlights that technical analysis is just one part of the approach, emphasizing the significance of considering fundamental news as well. The discussion points to the abundance of news on this particular day, especially focusing on the Chinese PMI, which is crucial for understanding the current global economic state. The timing of these reports, often released at the end of the month, is also noted.

01:28

Sentiment and related markets explained

01:28

The discussion introduces the concept of sentiment in related markets, explaining it as the overall risk tolerance among traders and investors. Sentiment reflects whether market participants are willing to take on more risk by investing in assets like stocks and commodities, or if they are fearful and prefer to move their money into safer assets, known as safe havens. This concept will be explored further in a later webinar focused on stocks.

02:39

US dollar as the ultimate safe haven

02:39

The US dollar is described as one of the ultimate safe havens, both politically and philosophically, with its recent strong performance influenced by market sentiment. This topic is covered in a collection of books bundled into a box set available on Amazon, which incorporate elements of volume price analysis (VPA). The speaker references an extensive forex trading program consisting of 7,000 slides designed to simplify complex information through animation, bright colors, and images to enhance retention and understanding for students and investors.

04:13

Technical tools: candles, support, resistance

04:13

The speaker explains the use of candles and candle patterns in analyzing volume and price, highlighting a current example involving the Pound/New Zealand currency pair and key support and resistance levels. They emphasize that these levels, like volume and price, occur in real time. To add structure and clarity to charts, various tools such as moving averages, Fibonacci levels, and proprietary indicators are used. While these indicators are not essential for trading, they significantly simplify the process, especially in identifying patterns and support/resistance areas.

05:19

The speaker discusses how these tools provide geometry to charts, aiding in understanding market trends, congestion, pullbacks, and corrections. These tools have been developed over many years and must be applied appropriately to the specific trading environment to be effective. Additionally, the importance of considering multiple time frames in analysis is highlighted. The speaker references their blog, anacooling.com, where they share analysis on stocks, indices, and commodities, noting that Volume Price Analysis (VPA) is applicable across various markets and time frames, including shorter ones.

06:30

Indicators: CSI, Matrix, Array, Heat Map

06:30

The speaker explains that price cycles are fractal, meaning the pattern on shorter time frames like one minute charts resembles that on longer frames such as monthly charts, differing mainly in duration. They introduce four dedicated forex indicators: the CSI, which tracks money flow into individual currencies; the Matrix, which pairs this data to show strong buying or selling in currency pairs; the Array, which assesses trend strength; and the Heat Map, a unique tool analyzing 28 currency pairs across multiple time frames. The speaker invites questions and mentions that a colleague, David, will provide further details.

08:10

Market volatility and correction outlook

08:10

The market has been very volatile recently, resembling a roller coaster. This volatility is favorable for traders seeking regular profit opportunities, as stagnant markets can lead to frustration and poor trading decisions. However, for investors, the current market conditions are unsettling. While market corrections are expected periodically, uncertainty remains about their timing and severity.

09:45

Despite the lack of a major market downturn so far, the outlook remains cautious due to several serious issues affecting the economy. Concerns include inflation, supply chain disruptions, potential energy crises, and the US debt ceiling. Traders need to stay aware of these factors as they significantly impact currency values and market movements, influencing both investor sentiment and trading strategies.

10:52

Understanding the broader economic landscape is crucial for forex traders, as these external threats can cause significant market shifts. The speaker emphasizes the importance of monitoring fundamental news and uses multiple calendars and tools, such as Forex Factory, to stay informed and make better trading decisions.

11:24

Fundamental news calendars and impact differences

11:24

The speaker discusses the limitations of relying solely on Forex Factory for market-moving information, noting that while it highlights key events such as speeches by influential figures like the Fed Chair, it is not comprehensive. The calendar underestimates the impact of Chinese PMI data, which the speaker believes should be rated with higher importance. They also highlight skepticism about the reliability of Chinese economic data due to manipulation concerns and ongoing economic challenges.

13:08

The speaker elaborates on China’s economic issues, mentioning the massive debt problems faced by real estate companies like Evergrande, which have created ghost cities and risky investment conditions reminiscent of the 2008 subprime crisis. They emphasize the contrast between China’s official data and the reality, noting that a large portion of the population lives in poverty. Market participants cross-check official figures with indirect indicators such as energy consumption, which sometimes do not align with reported data. Additionally, China’s energy crisis and factory shutdowns pose significant risks to the global economy due to the country’s major role in manufacturing.

14:51

China’s economic challenges and global effects

14:51

The speaker discusses the ongoing efforts to address environmental issues and their future impact on broader markets. They then shift focus to recent data about the New Zealand dollar, noting its rapid and significant increase in value.

15:29

New Zealand dollar reaction to fundamentals

15:29

The speaker discusses how the New Zealand dollar was heavily oversold overnight, prompting an analysis of whether fundamental financial data could boost it. They highlight the importance of combining technical analysis, such as hourly charts that reduce noise, with fundamental data and sentiment. The commodity-sensitive nature of the New Zealand dollar, similar to the Australian dollar, meant it benefited from an uptick in market indices following a significant sell-off.

16:31

The analysis continues by emphasizing the value of considering chart patterns, fundamentals, and market sentiment together to predict currency movements. The speaker mentions using resources like Financial Juice for additional insights and notes that the forex calendar lacks a key inflation indicator, the PCE inflation data. They suggest the complexity of inflation—whether normal, stagflation, or deflation—affects various assets differently and preview a deeper discussion on inflation’s market impact later.

17:42

The speaker reviews Trading Economics, a comprehensive and free economic calendar, noting it covers multiple countries and major currencies. They compare its impact ratings to those of Forex Factory, highlighting that Trading Economics assigns different levels of importance to economic releases. The discussion points out the significance of German economic data among European countries and the higher emphasis placed on US releases. They also mention occasional inconsistencies in calendar coverage.

18:49

Dollar index and market platform features

18:49

The speaker discusses inconsistencies in reporting important market items and shifts focus to the daily chart of the dollar index, using a live trading account. They explore Sync Markets and express surprise at the wide range of instruments offered, including currency pairs, metals, and energy commodities. The speaker notes they typically do not check market watch often but are impressed by the comprehensive offerings available on this platform.

19:58

Continuing the overview of Sync Markets, the speaker highlights the variety of markets available, including major stock indices like Nasdaq, S&P, Dow Jones, and the Russell 2000. They describe the Russell 2000 as a highly speculative index where investors seek high-risk, high-reward opportunities, often involving small, volatile stocks with potential for significant growth. The speaker emphasizes that speculative investments are driven by confidence and risk appetite.

21:07

The speaker points out that Sync Markets offers access to the dollar index and, uniquely on an MT4 platform, the VIX volatility index, which serves as a key sentiment indicator. They also mention the availability of various cryptocurrencies and stocks from multiple exchanges, reflecting the growing importance and acceptance of crypto markets. The speaker tends to focus on U.S. stocks but appreciates the broad market coverage provided.

22:06

Shifting back to market analysis, the speaker notes that the New Zealand dollar took a significant hit recently, with the U.S. dollar becoming highly overbought against it. Examining the daily dollar index chart, they observe a strong breakout above key weekly Camarilla levels, accompanied by high volume. The volume-to-price move ratio is unusual, suggesting that despite the strong move, the market may not continue surging immediately.

23:05

The speaker explains that once key weekly levels are breached, those levels tend to act as support during any potential pullbacks. However, the current breakout levels are quite distant, making a near-term reversal unlikely unless a major event occurs. They also mention typical end-of-month dollar buying by portfolio and fund managers, which may be contributing to the dollar’s strength at this time.

24:03

The analysis moves to shorter time frames, focusing on the 15- and 30-minute charts of the dollar index. The speaker notes that key technical levels are refreshed daily and begins to assess the market’s behavior following the recent significant upward move in the dollar, preparing to identify potential support and resistance zones on intraday charts.

24:39

US dollar consolidation and key levels

24:39

The market is currently in a consolidation phase, moving sideways between the S1 and R1 levels, known as the buffer zone, reflecting uncertainty and awaiting further data. Key levels include S3 and S4, with six levels overall to monitor. The US dollar shows no clear direction and is also moving sideways on the hourly chart. New Zealand and Australian markets reacted positively to mixed Chinese news, causing some uplifts in their indices, but this momentum may not last. The speaker also touches on the recent sharp rise in the US dollar, attributing it partly to its status as a safe haven alongside Treasury bonds and influenced by bond yields.

26:20

Inflation, bond yields, and Fed policy impact

26:20

The discussion highlights concerns about inflation being worse than official data suggests, with noticeable impacts on everyday costs such as shopping, fuel, and energy. Central banks, including the Federal Reserve, face challenges in managing inflation, often acting either too late or at inopportune times. The Fed’s attempts at tapering have previously caused market disruptions, and there is uncertainty about whether current measures will be timely or effective.

27:20

Central banks generally tend to implement the right policies but often not at the optimal time, as exemplified by the Federal Reserve. Politically, the US dollar tends to strengthen under Democratic administrations, supported by fundamental metrics. A weaker dollar typically benefits stocks. Current stock market rises may be temporary ‘dead cat bounces,’ and it’s unclear if these gains will be sustained. The segment ends with a transition toward analyzing New Zealand currency pairs to illustrate market differences.

28:56

Trading New Zealand dollar pairs with VPA

28:56

The discussion begins with the recent sharp decline in the New Zealand dollar, particularly against the yen and the dollar, highlighting a major market move. Traders face the choice of either joining the existing trend or waiting for a reversal. The speaker emphasizes the importance of waiting for a pullback or correction, using Volume Price Analysis (VPA) to confirm whether the movement is a correction or a reversal, stressing the need to understand primary and secondary trends alongside price and volume relationships.

29:56

The explanation continues about how VPA helps confirm trend direction, especially around key support and resistance levels determined by price and volume. The New Zealand dollar on the hourly chart shows some upward movement but remains largely in a congestion phase. The daily chart shows volume patterns indicating that the price has been oscillating near a volume point of control, an area where traders find fair value and no clear directional bias.

31:01

The speaker points out a recent attempt by the New Zealand dollar to break out, creating a V-shaped price action before reversing and passing through the volume point of control again. This period is described as a consolidation phase with low volatility and no clear trend, explaining why the volume point of control remains prominent, as it reflects trader consensus and fair value.

32:03

A recent surge in the US dollar triggered a break from the volume point of control for the New Zealand dollar, moving through key support levels with volume support. However, the presence of wicks on the candles indicates underlying weakness. The hourly chart reveals a step down into consolidation around the volume point of control, followed by a break lower accompanied by high volume and a subsequent retracement before a market rollover.

33:07

The New Zealand dollar received a slight boost from better local confidence data and Chinese data, but overall remains in consolidation. The VPA shaded area will extend if the sideways movement persists, indicating ongoing uncertainty. The Renko chart signals potential for downside re-entry, but the pair’s outlook remains uncertain and requires patience.

33:38

Trading in congested conditions is discussed, noting that scalping on lower timeframes is possible but entails higher risk. The New Zealand dollar pairs require patience due to the lack of clear directional movement. The speaker highlights the importance of waiting for clearer signals rather than forcing trades during consolidation phases.

34:55

The New Zealand yen pair is examined, showing a similar pattern to the New Zealand dollar with choppy Renko movements due to a faster setting. This pair is influenced by broader market indices and has not mirrored the slight upward move seen in the New Zealand dollar on the CSI indicator, indicating a mixed market response.

36:01

The speaker compares different New Zealand currency pairs, noting that the New Zealand dollar was being bought on certain crosses such as the pound-New Zealand pair. The 30-minute chart and CSI indicator reveal inconsistent buying and selling flows across pairs, but the pound-New Zealand pair stands out with a clear V-shaped reaction, suggesting stronger directional movement there.

37:54

Discretionary trading and entry signals

37:54

The speaker discusses the challenge of finding a perfect trading entry, emphasizing that discretionary trading lacks absolute certainty. Unlike systematic trading, which follows strict rules often executed by automated systems, discretionary trading involves personal judgment. Volume Price Analysis (VPA) is a system applied discretionarily. The speaker notes observing New Zealand currency being bought, with the trend monitor not yet transitioned, and highlights the importance of understanding trading factors over seeking perfect timing.

39:03

Analyzing the five-minute chart, the speaker points out a break from the volume point of control and notes significant selling, but also buying indicated by candle wicks. Support and resistance levels are crucial, with price action stopping at the key S3 level and the volume point of control. Bullish candle patterns and signals from various indicators suggest a promising setup, though it does not guarantee immediate action.

40:11

The speaker advises caution, explaining that promising signals should put traders on alert rather than prompt immediate entry. The 15-minute chart shows consolidation and multiple attempts to break away, which often result in fake-outs. Despite this, tight stop losses can make breakaway trades manageable. A two-bar reversal on the five-minute chart indicates a potential upward move, supported by volume analysis.

41:15

Volume analysis shows strong buying interest under certain candles, but volume gradually decreases over subsequent bars, suggesting a possible weakening of the move. The key takeaway is the importance of support and resistance levels, which act as natural stopping points for price movements. This principle is reinforced across different chart types, including Renko charts, which help manage entries and exits by focusing on trend agreement indicators.

42:26

The speaker highlights the benefits of Renko charts for managing trades, especially for holding positions, which is often the hardest part. They emphasize using time charts alongside Renko charts to identify exit points based on support and resistance. While the recent move in New Zealand currency pairs was strong and smooth, it did not fully align with earlier expectations. The speaker plans to observe market behavior when New York trading opens and concludes by passing control to another presenter.

43:59

Cable daily chart and volume analysis

43:59

The presenter begins by focusing on the Cable currency pair using NinjaTrader, highlighting various time frames from 15 seconds to daily charts. Emphasis is placed on the importance of support and resistance levels, which remain crucial regardless of the trading time frame. The daily chart is introduced as a key tool for context, showing levels derived automatically from the accumulation distribution indicator that visually represents the strength of these levels.

45:17

The accumulation distribution indicator displays levels with varying thickness to indicate strength, providing a comprehensive visual overview across time frames. The daily chart offers valuable context by combining price and volume data, helping traders identify strong resistance zones, such as just below 142, which corresponds with the top of the volume point of control. The speaker prepares to demonstrate how to analyze these levels further using a weekly chart.

46:24

Volume patterns over recent months are examined, noting that despite typical seasonal volume declines in summer, the market has seen high volume with little price movement, indicating strong resistance. The market tested and broke through this resistance with declining volume, signaling potential long-term implications. Intraday traders might capitalize on such moves, while the volume trends provide insights for both short-term and swing trading strategies.

47:22

As the market rallies, volume decreases, suggesting weakening momentum despite breaking through resistance. Several minor reversal levels are identified, and the market is seen to return to the daily volume point of control where congestion and pauses occur. Price action exhibits signs of weakness with upper wicks and strong price resistance at a thick level on the chart, which is reinforced by significant volume concentrations at this key zone.

48:18

Recent days show a strong dollar surge with wide-ranging candles and substantial volume, followed by a narrowing spread and decreasing volume. The market is approaching the extreme edge of the daily volume point of control, raising questions about the next price direction. Moving to the weekly chart offers a broader perspective with additional levels to analyze. The prolonged stay near the volume point just below 138 could indicate continued dollar strength and further Cable weakness.

49:21

Weekly chart support and resistance levels

49:21

The discussion focuses on a low volume node just below 134, indicating potential for a significant price drop if this level is breached and sustained weekly. Volume analysis suggests possible support near the 132 area and a strong support level at 128. Weekly volume is building, though the current candle’s volume data is incomplete until the weekly close. The outcome of this candle will be important to confirm the pair’s weakness on this timeframe.

50:24

If the weekly candle closes with high volume and minimal wicks, it would confirm ongoing weakness in the currency pair. The trend monitor has shifted from bullish to bright red bearish, indicating a strong bearish trend. Volume comparisons between 2021 and the present show lighter volumes now, offering a different perspective. The same volume principles apply across different lower timeframes such as 1, 3, 5, or 10 minutes, providing consistent insight into market behavior.

51:19

Despite a slight bounce today, many traders buy on dips following strong sell-offs. However, the overall sentiment towards the currency pair (Cable) remains bearish, while the US dollar is viewed positively after a prolonged decline. Intraday movements showed a minor rally in the pound, but this was isolated and did not reflect broader market trends.

52:17

The pound’s intraday rally was unique among major currencies, which were mostly declining, making it a tradable but risky move due to its divergence from the general market trend. Traders need to be aware when taking positions that go against the dominant market flow, as these trades carry higher risk. Recognizing when you are trading against the broader market sentiment is crucial for managing risk effectively.

53:24

Volatility triggers and trade management

53:24

The speaker emphasizes the importance of managing trades when a volatility trigger appears on a slower timeframe. They advise closing most or all positions to protect profits, as volatility candles can indicate either market congestion or a reversal. Sitting through congestion is generally painful and can lead to giving back profits due to fear, so it’s often better to exit early.

54:48

Using multiple timeframes is crucial in trading, as signals on slower charts carry more weight. The speaker discusses observing volume under a volatility candle and notes that despite volume presence, the market strength may be weak. They highlight the occurrence of volatility and Doji candles signaling indecision, which is expected behavior.

55:41

The speaker explains that closing a position after a downward move triggered by volatility is prudent, especially as the market approaches a volume point of control (VPOC), where congestion is likely. They caution scalpers that although volatility signals on faster charts are common, those on slower charts carry more significance. The current market conditions suggest limited scalping opportunities due to expected congestion near key volume areas.

57:04

Currency futures radar and sentiment flow

57:04

The speaker discusses using TradeStation combined with an Interactive Brokers account, highlighting the benefit of accessing a wide range of markets including options and futures with a powerful TradeStation front end. They demonstrate the radar screen showing currency futures all quoted against the dollar, explaining the inversion of some currency pairs and how this affects the interpretation of the data.

58:42

The radar screen’s color coding indicates market trends: when the panel is red, the dollar is being bought strongly across the majors, while a blue panel shows the pound (cable) moving higher against the dollar. The speaker emphasizes that trading long cable at that point would mean trading against the broader market flow, serving as a cautionary signal.

59:17

The speaker highlights additional features like the trend monitor and a volatility trigger on the 6B (British Pound) one-minute chart. The volatility trigger visually signals when volatility spikes occur, eliminating the need to search through multiple charts. These linked charts allow seamless interaction to track market activity such as approaching volume congestion.

01:00:15

The discussion continues on market sentiment, showing strong buying of the pound while other currencies trend downward, reinforcing the idea of trading with or against the broad market sentiment. The speaker points out the importance of awareness when trading against the market trend. They also begin referencing dollar buying strength, visible through price action and indicators.

01:01:19

The speaker details strong dollar buying and selling pressure in various currencies: the Canadian dollar is selling off, the yen is rising strongly, and there is significant selling in the Australian dollar, euro, and Swiss franc. These movements suggest notable volatility and potential trading opportunities across currency pairs.

01:01:50

An update is given on development efforts, showcasing the Quantum Radar panel recently launched on TradingView. This radar panel is now part of the full package on TradingView, offering functionality comparable to the MT4 platform with added features, providing traders with enhanced market visualization tools.

01:02:24

TradingView indicators and crypto strength panel

01:02:24

The speaker introduces a cryptocurrency strength indicator developed alongside a radar panel, designed to monitor multiple markets quickly. The indicator uses Tether as a base currency to quote various cryptocurrencies like Ethereum, Bitcoin, XRP, and Litecoin. Unlike forex markets where currencies often diverge, cryptocurrencies tend to move together with Tether acting as the opposing counter currency, simplifying the overall market movement analysis.

01:03:27

The radar panels include multiple tools such as trend monitors, volatility indicators, pivots, camera levels, and tick volume. Tick volume displays average and midpoint lines alongside volume, allowing users to visually assess volume intensity as high, medium, or low. These indicators are part of a comprehensive TradingView package that users receive free when they invest in the full package, with support available for adding them if needed.

01:04:21

The discussion shifts to the currency matrix, clarifying its difference from the currency array mainly in terms of application. The speaker briefly references a previous explanation and begins to explore the use and features of the currency matrix, setting up for further detailed explanation.

01:04:58

Currency Matrix vs Currency Array explained

01:04:58

The speaker discusses the universal sell-off of the euro at the one-minute timeframe, noting no divergence in the market sentiment. They highlight a contrast with the cable (GBP/USD) and explain how the euro’s selling pressure is evident across different short-term timeframes, including five, ten, and fifteen minutes, with the heaviest selling seen in euro-dollar and euro-pound pairs.

01:05:57

An explanation of the matrix indicator is given, which operates with a short look-back period of seven, making it a scalping tool that closely tracks price action and sentiment changes rapidly. This is compared to the trend monitor, which uses a longer timeframe and takes a more considered view. The speaker contrasts the matrix with the currency array, which uses a longer look-back period and thus reflects a more long-term perspective on market sentiment.

01:07:02

The currency array is described as offering a broader and longer-term perspective with an 80-period look-back, showing less immediate but more considered trends. The euro’s selling pressure is visible but less advanced here compared to the matrix. The array visually represents the flow or ‘river’ of market sentiment, making it easy to see universal currency moves, especially for the euro as a primary currency.

01:08:05

The speaker elaborates on the broad market picture shown by the currency array across various timeframes, illustrating a landscape view of currency strength and weakness. The matrix is reaffirmed as a scalping tool for close-to-market sentiment. Finally, the currency heat map is introduced as a tool that adds another dimension by showing different timeframe cells, enhancing the understanding of currency movements and sentiment in a more detailed manner on platforms like TradingView.

01:09:12

Currency Heat Map and weighted time frames

01:09:12

The speaker discusses differences between TradingView and NinjaTrader, highlighting that TradingView allows setting custom time frames within a five-cell combination, whereas NinjaTrader currently does not. They are working on porting all indicators into a control panel for NinjaTrader, similar to TradingView’s radar panel and TradeStation’s radar screen, to better manage multiple time frames and markets.

01:09:42

The new control panel will integrate indicators with the market analyzer, greatly aiding in managing multiple time frames and markets. Currently, time frame changes are possible on TradingView but not on NinjaTrader. The speaker explains that the displayed time frames show bullish or bearish sentiment across each, providing a comprehensive visual overview without needing to open multiple charts.

01:10:10

The ranking ladder differs significantly from the currency array and currency matrix because it uses weighted values based on time frames. Shorter time frames like one minute carry less weight, while longer time frames such as 15 minutes or more carry greater weight, with the slowest time frames being the most significant. This weighting causes the ranking ladder to move more slowly compared to the matrix or array.

01:10:46

This weighted ranking ladder is especially useful for traders focusing on daily or weekly time frames, as it reflects the strength of sentiment across different time horizons. It also helps identify potential reversal opportunities by showing currency pairs that are at the extremes of the chart, suggesting possible bullish or bearish reversals.

01:11:17

The speaker gives examples of reversal opportunities, such as the Australian Dollar pairs showing potential bullish reversals and the Dollar Yen indicating a bearish reversal due to strong dollar buying. These positions are dynamic and subject to change over time.

01:11:45

It’s important to understand how each indicator is constructed and their specific purposes within trading. The speaker returns to the charts to illustrate a recent bounce, questioning whether a short opportunity was valid near the volume point of control, implying the need for careful analysis before trading decisions.

01:12:18

Volume-price relationship and market momentum

01:12:18

The speaker discusses market congestion at the point of control and advises pivoting to lower price levels where volume indicates buying interest. However, due to significant price resistance above and overall bearish conditions in major markets, further upward movement is unlikely.

01:12:45

Analyzing a one-minute chart, the speaker notes a potential scalp trade with some buying and a congestion doji candle. Despite rising prices, volume is declining, indicating weakness. The presence of only three candles suggests the move lacks strength.

01:13:10

The speaker explains that a strong price move requires corresponding rising volume; the observed rising price with falling volume is an anomaly. According to volume price analysis (VPA) principles, both upward and downward market moves need increased volume to show genuine momentum, reflecting the effort required to move prices.

01:13:42

Heavy selling volume is essential for a downward move to continue, just as effort (volume) is needed for upward momentum. These principles of volume price analysis apply across all time frames, from one minute to one month, confirming the consistency of market behavior patterns.

01:14:07

The speaker recommends using fast time frames, such as one minute or even 15-30 seconds, to learn volume price analysis effectively, as it accelerates the learning process. They observe heavy selling in the euro and Swiss franc, and also note dollar buying activity consistent with earlier 10-minute chart observations.

01:14:33

VPA application across different time frames

01:14:33

The speaker reviews several financial indices using TradingView, focusing on the pound index, which is currently attempting to rally. They also mention the yen, which is moving sideways, and the dollar, noting some downward movement or ‘sink’ in its value.

01:15:03

Indices and currency strength overview

01:15:03

The speaker discusses the euro currency experiencing significant selling pressure, with strong downward movement confirmed by two moving averages. There is a mention of different trading platforms, specifically MT4 and MT5, and how brokers are increasingly offering various market instruments such as stocks, indices, and the VIX. The VIX is highlighted as an essential sentiment indicator that traders should monitor, either through brokerage accounts or websites like investing.com.

01:16:02

The speaker addresses a question about the heat map’s time period settings, admitting uncertainty and promising to verify the exact configuration later via email to avoid wasting time. This segment reflects the speaker’s willingness to follow up on technical details to assist the audience accurately.

01:16:32

The speaker shifts focus to ongoing development work on NinjaTrader, with no new features to show yet but plans to release a market analyzer and indicators soon. They comment on a volume spike observed on a chart, noting the significance of the volume and price action. The discussion continues with considerations about supporting NinjaTrader 7 versus NinjaTrader 8, expressing concern about investing effort into NT7 if it might lose support, and seeking insider information on this matter.

01:17:39

The speaker confirms that current development is focused on NinjaTrader 8, which will take several weeks to months, and that decisions about NinjaTrader 7 support remain pending. They conclude by directing listeners to quantumtrading.com to find all available indicators compatible with MT4, NinjaTrader 7 and 8, TradingView, and TradeStation versions 9.5 and above, noting the relationship between TradeStation and Interactive Brokers.

01:18:15

Platform support and indicator availability

01:18:15

The platform uses the generic TradeStation feed and includes powerful tools like the Radar Screen. Customers who purchase one or more indicators receive credit toward future upgrades, regardless of when they bought them, even dating back to 2012-2013. Investing in the full education program grants access to all future indicators, including upcoming NinjaTrader 7.8 indicators, plus 24/7 support and all upgrades at no extra cost. This is offered as a one-time fee through siteandcooling.com, where all related books are available.

01:19:20

Complete Forex Trading Program and funded accounts

01:19:20

The speaker discusses the popularity and availability of their trading materials on Amazon, including Kindle and paperback versions. They introduce the Quantum Trading education program, a comprehensive forex trading course with over 450 lessons and 200 hours of video content designed to teach confidence in trading. Additionally, they explain the funded trading program launched last year, where traders use the company’s capital instead of their own, requiring an entry fee but limiting potential losses to that fee.

01:20:26

In the funded program, traders start with an evaluation account funded with real money (not a demo), choosing from $5,000, $10,000, or $15,000. The goal is to demonstrate consistent trading ability under real conditions. Once consistency is proven, traders receive 35% of their profits as a payout. The program then scales up the trader’s account size by multiplying it four times, for example, from $15,000 to $60,000.

01:21:30

After the initial funded account, traders gain access to additional markets such as European indices and gold, though the evaluation stage is limited to 28 currency pairs to keep it manageable. Account sizes increase progressively, doubling after the initial jump, eventually reaching up to $1 million or more, allowing traders to scale their trading operations significantly.

01:22:09

At advanced stages of the funded program, such as the portfolio manager level, traders earn a 50% profit share, which can be withdrawn monthly at their discretion. For accounts reaching $2 million, the profit share increases to 60%. The funded program was created to let students apply their trading skills practically, earn profits, and build confidence by trading larger sums than typical micro accounts.

01:22:49

The funded program aims to provide traders with both financial rewards and the valuable experience of managing larger capital. Trading small amounts is useful initially, but the program facilitates the transition to handling much larger accounts, enhancing trader confidence and skill in a realistic and supportive environment.

01:23:23

Funding program benefits and trading levels

01:23:23

The speaker explains that participants do not need to carry the financial risk of trading large sums themselves; instead, they pay a one-time entry fee to join the program. Once enrolled, no further payments are required. Traders have 12 months to complete the evaluation level, after which there are no time limits for progression.

01:23:52

The session concludes with thanks to the audience for attending, an apology for running over time, and a reminder about the upcoming stock webinar at 3 o’clock. The speaker wishes everyone a good trading day and week, and says goodbye.

By Anna Coulling – creator of volume price analysis